In opinion of Axel Rudolph, Senior Analyst at Commerzbank, the pair’s bullish stance remains intact while above the 1.2915/1.2885 band. Key Quotes “USD/CAD‘s rally off its October low at 1.2783 has taken it to its October high at 1.3169, very close to our 1.3175/1.3225 target zone we mentioned a month ago. It consists of the August and September highs and is still expected to be reached in the near future”. “Further up the July high can be seen at 1.3289 and the June peak at 1.3386″. “Slips should find support between the 55- and 200-day moving averages at 1.3026/1.2948″. “Further support comes in between the August, September and mid-October lows at 1.2918/1.2885. While this area underpins we will retain our still bullish forecast”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gains in EUR/USD could reach the 1.1580 area – Scotiabank FX Street 4 years In opinion of Axel Rudolph, Senior Analyst at Commerzbank, the pair's bullish stance remains intact while above the 1.2915/1.2885 band. Key Quotes "USD/CAD's rally off its October low at 1.2783 has taken it to its October high at 1.3169, very close to our 1.3175/1.3225 target zone we mentioned a month ago. It consists of the August and September highs and is still expected to be reached in the near future". "Further up the July high can be seen at 1.3289 and the June peak at 1.3386". "Slips should find support between the 55- and 200-day moving averages at 1.3026/1.2948". "Further… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
